Question: Help Save & Exit Algona Supply Company had beginning inventory for the year of $11,000. During the year, the company purchased inventory for $150.000

Help Save & Exit Algona Supply Company had beginning inventory for the

Help Save & Exit Algona Supply Company had beginning inventory for the year of $11,000. During the year, the company purchased inventory for $150.000 and ended the year with $13.000 of inventory. How much should the company report for Cost of Goods Sold for the year?

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